Reminds me -- I need to open an OpEx account. They're being acquired by Schwab, so I'll later become a Schwab customer via the back door. I had an account at Schwab for a while but closed it because I was annoyed they wouldn't remove a nuisance fee (for a wire transfer, if I recall)... I can't reopen with them directly without (in my own mind) losing face, so OpEx is a dignified way back in. It's useful, for several reasons, to have at least some money with all the name-brand brokers.
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HowardCohodas Index Options Credit Spread Trading Journal
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Reminds me -- I need to open an OpEx account. They're being acquired by Schwab, so I'll later become a Schwab customer via the back door. I had an account at Schwab for a while but closed it because I was annoyed they wouldn't remove a nuisance fee (for a wire transfer, if I recall)... I can't reopen with them directly without (in my own mind) losing face, so OpEx is a dignified way back in. It's useful, for several reasons, to have at least some money with all the name-brand brokers.
How did you determine the ToS delay?Quote from falconview:
Option House, OPTIons Express and Thinkorswim comparisons
The only drawback to thinkorswim is the delayed data of 10 mins or so, they say is real time. Options Express do have real time data and that is their best point. Unfortunately their software is quirky. When you make out an order and change some parameters, it automatically goes back to default settings and if you dont re-check all your boxes for correct prices and contract numbers and strike prices, you can get screwed royally. One guy was complaining the delay in the cancell system on the software cost him $10,000. He was told he had a cancel and apparently did not. Somewhere along the line I may open a minimum account just to get their real time prices though.
Both Options Express and Options House and I am guessing here? Just an amateurs opinion, do FRONT RUNNING. When you put a limit order, it gets filled exactly at the limit price you entered, even if the price real time is .70 cents better than what you put. ThinkorSwim are better here. I often set limit orders due to their delayed data and get much better fills in real time, which please me no end. TOS seem to have delayed data in real time trading I�m finding of around 10 to 15 mins and in funny money trading of around 20 to 25 mins. It varies in delay.
All in all, in real time trading I�m finding TOS the best system, both for the bells and whistles and the better fills than I planned on.
Howard
By taking a FREE one month Options Xpress account and comparing the prices of XTREND and TOS that I was getting.
By taking a FREE one month Options Xpress account and comparing the prices of XTREND and TOS that I was getting.
Options for SPY and OEX indexes.
Ran the Option Chains parallel for several weeks.
Ran the Option Chains parallel for several weeks.
I use some kind of PC made by the Chinese I think? Got it cheaper as a Spanish keyboard. Have some others, but they are old and have been repaired with junk parts so many times, not sure what they are nowadays. I use Firefox and use TOS web based cash money system and also a funny money monopoly system.
Got the cash account going April 1st. But it took three weeks to get a trade signal in the OEX for the cash account. So far this month of April, only 1 trade.
Starting capital $10,000
Trade April 20th in the OEX
5 contracts MAY Calls, market order at $8.60 sold at $9.70
Gross $550 Net after commissions -$29.50 = + $520.50
ROI 11%
Account improvement 5%
New Balance: $10,520.50
________________________
It was my first trade in REAL MONEY so I was nervous and conservative. Next time will COMPOUND.
Got the cash account going April 1st. But it took three weeks to get a trade signal in the OEX for the cash account. So far this month of April, only 1 trade.
Starting capital $10,000
Trade April 20th in the OEX
5 contracts MAY Calls, market order at $8.60 sold at $9.70
Gross $550 Net after commissions -$29.50 = + $520.50
ROI 11%
Account improvement 5%
New Balance: $10,520.50
________________________
It was my first trade in REAL MONEY so I was nervous and conservative. Next time will COMPOUND.
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